The indexes have been sloppy, in addition to being relatively weak. The choppiness has some benefits, though, as this choppiness has meant that squeezes are consolidating everywhere. I can’t say I recall a time in which I have seen so many squeezes across so many different indexes and sectors simultaneously. What does that mean? It … Read more
Hey traders! Federal Reserve Chair Jerome Powell is shaking markets again, and it’s time to look for tickers we can short on the way back down. To do this, I like to look for relative weakness stocks in sectors also demonstrating bearish setups. I like to do this via bearish butterflies because it gives me the … Read more
Mortgage Rates If you haven’t heard, mortgage rates just hit 7% again. The 10-year treasury index, and rates along with it, are hitting highs not seen since last October when rates topped out. We got a bit of a reprieve on the upwards trajectory of rates throughout December and January, and the icy-cold housing market … Read more
Hey Traders! Yesterday, I joined Charles Payne for Earnings Watchlist Monday, along with my take on Warren Buffett’s annual letter to shareholders. Check it out here: Warren Buffett is arguably one of the best investors of all time. I think we can take a lot of tidbits from him and his annual letter to shareholders. … Read more
Happy Thursday, Traders! An Earnings Wrap Up This week, there were a few core tickers reporting earnings and a lot of trash stocks. The trash stocks are the stocks that have been taken out to the dumpster over the last year or so. A lot of those stocks have high short interest. As such, I … Read more
Hey Traders! Happy Tuesday. I hope you enjoyed your three-day weekend! I took (a bit) of time away from the markets, but I was also working on a fun project I wanted to share with you. My Youtube Channel I’ve been making Youtube videos for years but never had my own channel. Why? I don’t … Read more
Good afternoon, traders! Today I wanted to highlight an excerpt from my friend and colleague, Mary Ellen McGonagle’s midweek report. Mary Ellen is a 30-year+ market veteran, and I was honored to have her contribute to my newsletter during my maternity leave. Check out her recent thoughts and market update from The MEM Edge Report … Read more
Hi traders! I hope you were able to check out Thursday’s edition of the newsletter, Earnings in Focus: The Week Ahead for February 13th-17th, because stocks are already moving! PLTR: A Big Earnings Mover Palantir was up 16% post-market yesterday after reporting its first profitable quarter. During the overnight session, it briefly moved above $9, … Read more
February 13th – February 17th Each week, I dwindle the extensive list of companies reporting earnings to focus on a much smaller list in which I look for trading opportunities. The companies that fit within my focus list must: Must trade in the options market Must have weekly options series available (if not, the earnings … Read more
The Bearish Nasdaq Head & Shoulders Pattern We made it through FAANG earnings relatively unscathed. However, most often, a big move comes post-tech earnings. That move is likely coming this week into next week. Based on the bearish patterns all over the place, the path of least resistance remains to the downside. But just because … Read more